Annual Report & Accounts

PHSC PLC
                                     ("PHSC" or the "Company")

                                Annual Report and Accounts

The  Company announces that pursuant to Rule 20 of the AIM Rules, PHSC hereby notifies that copies
of  its  Report and Financial Statements for the year ended 31 March 2007 and Notice of  AGM  have
today  been  mailed  to  shareholders. Further copies are available from the  Company's  Nominated
Adviser Ruegg & Co Limited upon request or from the Company's website: www.phsc.plc.uk

For further information: -

PHSC plc-
Stephen King (Tel: [phone])
[e-mail]
www.phsc.plc.uk

Ruegg & Co Limited -
Gavin Burnell  (Tel: [phone])

Hichens, Harrison & Co. plc -
Daniel Briggs (Tel: [phone])

PHSC plc